IOU for Money Owed (I OWE YOU)

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Date: September 15, 2050

From:

• Borrower’s Business Name: [YOUR COMPANY NAME]

• Borrower’s Representative: [YOUR NAME]

• Business Address: [YOUR COMPANY ADDRESS]

To:

• Lender’s Business Name: Apex Innovations LLC

• Lender’s Representative: Jordan Smith

• Business Address: 4760 Adams Avenue, Silver Spring MD 20910

• Amount Owed: $50,000

Description of Debt:

• Nature of Debt: Informal credit arrangement for equipment purchase

• Date of Transaction: September 10, 2050

Repayment Terms:

• Repayment Amount: $50,000

• Repayment Schedule: Full repayment due by September 20, 2051

• Interest Rate: 4% per annum

Signatures:

Jordan Smith

Apex Innovations LLC

Lender

CEO

September 15, 2050

[YOUR NAME]

[YOUR COMPANY NAME]

Borrower

Chief Financial Officer

September 15, 2050

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